What is Wealthsimple?
Wealthsimple is an easy to use Canadian digital investing, securities and crypto trading web app that differentiates itself from similar apps by charging no fees.
A leading Canadian fintech company founded in the Autumn twenty fourteen originally as a robo-advisor algorithmic trading app called Wealthsimple Invest, it has evolved significantly over the previous 8 years to feature Wealthsimple Trade, a zero fee discount brokerage platform.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade allows Canadian consumers to trade both single stocks and ETFs without having to pay fees. The exception is when trading stocks that are displayed in USD. In this case, they do charge a small currency conversion fee both when buying and selling. But, behind us are the times of paying more than $7 for each trade with discount brokerages as was expected a few years ago.
Exactly How Much Cash Will I Need to Start With Wealthsimple Trade?
Wealthsimple is unique such that they allow investors to make a minimum deposit of only $1. The majority of alternative banks and brokerages have quite large minimum deposit amounts of $1000-5k. This makes it tough for the typical new investor to start investing. With Wealthsimple Trade, you don’t need to already be wealthy to start trading stocks and ETFs.
But Does Wealthsimple Trade Offer TFSA Accounts?
It does. Wealthsimple Trade offers both registered and non-registered account types. You can choose between both RRSP and TFSA accounts during the setup phase.
So Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade offers a convenient mobile app available on IOS and also Android. The mobile app makes the enrollment process and trading of stocks and ETFs truly easy.
So Is Wealthsimple Trade Safe?
Yes. Wealthsimple Trade is legit. Wealthsimple reports over 15 billion CAD in Assets Under Management . they’ve been in business for more than 7 years and also currently employs over 600 people. The controlling owner is the large public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fee online discount brokerage to operate in Canada.
How Can I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it simple to fund your new account. Simply connect to a chequing or savings account with your Trade account, and then fund your account in simply a couple of steps. Deposits from banks to Wealthsimple normally take just a couple of days. Funds can also be moved to your chequing or savings account using the exact same steps.
Which Other Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – An equivalent to E-transfers that allow one to quickly and simply transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for tax season and submit your tax return online for free. It’s advertised as simple, accurate and always free income tax filing.
Wealthsimple Spend – A combination prepaid visa and savings account which allows one to get 1% cashback on all your purchases, and also get a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform that includes a variety of different online courses on saving, investments, crypto, home buying and more.
Every one of the above products, along with Wealthsimple Trade may be accessed inside the app and from the site with a single login.
How Should I Start Using Wealthsimple Trade?
Click here to create a new Wealthsimple Trade account. For an exclusive registration bonus offer for our readers you will get the cash value of a Canadian stock worth $25 up to $4,500 Canadian once you add funds to your account.
What if I Still Have Questions Concerning Wealthsimple Job Openings?
If this article still hasn’t given you the answers to all of your questions, and you’re still looking for more specific info relating to Wealthsimple Job Openings, check out the Wealthsimple website to get answers to all your questions.